PGIM Floating Rate Income ETF (PFRL) — Stock Correlations & Overview
Over the past year, PFRL has moved most closely with PULS, JAAA, PAAA. Explore the stocks most correlated and inversely correlated with PFRL below, along with its price, financials, and company profile.
Stocks correlated with PFRL
Correlation of daily returns. Higher positive values move with PFRL; negative values move opposite it. Informational only, not investment advice.
Most correlated with PFRL
| Symbol | Company | Correlation |
|---|---|---|
| PULS | PGIM Ultra Short Bond ETF | 0.60 |
| JAAA | Janus Henderson AAA CLO ETF | 0.53 |
| PAAA | PGIM AAA CLO ETF | 0.53 |
| VNLA | Janus Henderson Short Duration Income ETF | 0.49 |
| PHYL | PGIM Active High Yield Bond ETF | 0.48 |
Most inversely correlated with PFRL
| Symbol | Company | Correlation |
|---|---|---|
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.26 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.26 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.25 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.25 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.24 |
Frequently asked questions about PFRL correlations
- Which stocks are most correlated with PFRL?
- Based on one year of daily returns, the stocks most correlated with PGIM Floating Rate Income ETF (PFRL) are PULS (0.60), JAAA (0.53) and PAAA (0.53). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PFRL?
- Over the past year, the stocks most inversely correlated with PGIM Floating Rate Income ETF (PFRL) are SLTY (-0.26), VXZ (-0.26) and UVXY (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PFRL correlations calculated?
- We compute the correlation of daily returns between PFRL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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